USDJPY Aug 13 to Aug 17 Outlook

By News Robot

Lawrence’s Comment

Recap
Y-0 did not act as support, so no fuel to go higher. Consolidation week closing below Y-0 and midpoint.

Outlook
3rd week of compression in place. Breakout of this range will be explosive. As long as Y-0 / B-0 acting as resistance, the bear flag can lead to a violent flush to Y-1 / B-2 as the first breakout attempt.

Share

  • You must be logged in to comment. Log in